Start-ups, e-commerce the new stars at ISB

ISB sees 19% rise in job offers this year

Start-ups and e-commerce companies emerged alongside multinationals as the largest recruiters at the Indian School of Business (ISB) even as job offers rose 19 per cent during the year.

ISB said 81 offers were made by e-commerce companies, led by US’ Amazon and Flipkart, and 48 by start-ups, including Bank Bazaar and Zomato. Technology and consulting companies made the most offers at 287 and 171, respectively. A total of 831 offers were made as on Friday, against 697 till the corresponding period last year. Hiring is expected to end in April.

“There has been a significant rise in the average salaries this year, in line with what the economy can expect in the coming year. Companies have hired more and the average salary packages have also risen,” V K Menon, senior director, placements, said.

Apple, Cognizant Technology Solutions, Facebook, Google and Microsoft were among the leading technology recruiters, while KPMG, The Boston Consulting Group, McKinsey and Deloitte were the leading consultants.

“This year, we had approached a number of Venture Capital Funds and they drove the start-ups to hire,” said Menon. Participation by start-ups rose by half this year, ISB said. Last year, consulting and sales and marketing were the two most preferred areas at ISB, attracting 27 per cent and 21 per cent of students, respectively and the average salary stood at Rs 17.41 lakh.